Management By Objectives | The Truth about MBO (with former CEO) скачать в хорошем качестве

Management By Objectives | The Truth about MBO (with former CEO)

With former CEO. Management By Objectives - known as MBO - is often misunderstood in the real world. I explain what it is, how to implement it, and how it can be effective at multiple levels. It is a key management skill that involves managing people, applies to all levels of management, from supervisor to director, and includes all four of the managerial functions. On this channel, I cover hiring and employment principles, job interview questions and answers, business concepts, entrepreneurship, side hustles, answering your questions, and more! **My GET HIRED Course** https://the-companies-expert-academy.... (More Details:    • Details on my *Get Hired* course  ) **My $100 MBA Course** https://thecompaniesexpertacademy.thi... (More Details:    • Self Improvement:  How My $100 MBA Course ...  ) **My WRITE LIKE A PROFESSIONAL Course** https://thecompaniesexpert.podia.com/ (More Details:    • CEO Shares his Tips:  How my *WRITE LIKE A...  ) My GET HIRED Series of Videos:    • Get Hired   My Other YouTube Channel (The Companies Expert 2):    / @thecompaniesexpert2   My Patreon:   / thecompaniesexpert   My Facebook Page: http://fb.me/TheCompaniesExpert My "GET HIRED" Facebook Group:   / gethiredthecompaniesexpert   My "ENTREPRENEUR SUCCESS" Facebook Group:   / 2477916579200306   Management by objectives, commonly known as MBO, is a concept taught in schools and discussed in business circles. However, it is often misunderstood and improperly implemented by many people. Many individuals believe that management by objectives involves setting arbitrary goals and instructing workers to achieve them within a specified timeframe. This misconception overlooks the true essence of MBO. In reality, management by objectives entails a more collaborative process. The manager sets a goal, but it is not arbitrary. The goal is subject to independent and mutual agreement between the manager and the workers. Unfortunately, many individuals either lack the awareness of this crucial step or find it too cumbersome to seek buy-in from their workforce. This omission can lead to disastrous outcomes. However, when the goal is agreed upon by both the manager and the workers, remarkable results can occur. It becomes a win-win situation where the goal is achieved, the manager can harness the full potential of the workforce, and the workers feel motivated and rewarded. Implementing management by objectives may present challenges for some managers. It requires investing time and effort to foster a good relationship with the workforce, which can be a roadblock for those lacking such rapport. Nevertheless, if the collaborative aspect of MBO is embraced, the benefits can be substantial. For instance, envision a scenario in which a boss sets a goal of constructing 40 houses in a week, instead of the usual average of 20. Without employee agreement, this goal may be perceived as unattainable and demotivating. Workers may disengage, resulting in a subpar performance. However, if the goal is reasonably agreed upon by both the manager and the workers, it can lead to impressive outcomes. In summary, management by objectives is not about setting arbitrary goals but about establishing mutually agreed-upon objectives between the manager and the workers. This collaborative approach fosters motivation, engagement, and success, benefiting all parties involved. #business #mbo #interviewquestionsandanswers (Please note: I own the copyright to all music contained in this video, and can provide verification upon request.)